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main imageThe U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has extended the deadline for Report of Foreign Bank and Financial Accounts (FBAR) filings for individuals with signature authority over, but not financial interest in, foreign financial accounts. In 2012, the deadline was extended to June of this year; the latest extension moves it to June 30, 2015.

FinCEN has yet to decide which prior reporting periods these individuals will have to report on by June 30 of next year. Analysis of FBAR-related notices indicates that individuals might have to file reports stretching as far back as 2009. According to FinCEN, “This matter is under consideration.”

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